Mexico’s remarkable project in oil and gas sector

Talos Energy LLC is one of the most renowned oil and gas company which deals with offshore exploration and production. It has a vast, collaborative and powerful organizational culture where employees are encouraged to develop innovative and creative ideas and steps that can help the company to grow and become prominent among its competitors.

 

The company gained a huge attention when the project of drilling an oil well from Mexico owned waters was handed to it. Due to this project, the company became a part of a very important and memorable moment for oil and gas industry in Mexico. Almost after eighty years, any foreign and private company has been assigned to carry out this project.

 

Since this project is of extreme importance to Mexico, the stakeholders thought of assigning this projet to more than one companies. Thus, along with Talos Energy, Seirra Oil and Gas and Premier Oil PLC will also be working on this project. These three companies were selected with the help of a bid. The bid was carried out with an aim to introduce foreign companies to oil and gas sector of Mexico so that, the extraction of oil and gas can be increased to a greater level. Before this bid, the higher officials of oil and gas sector realized the slow demise of this industry. That is why they thought of taking help from foreign industries. This bid started in the month of May 2017. The well was named as Zama-1. The project will take almost three months.

 

Premier Oil PLC, one of the companies working on the project has announced about the anticipated contents of the well of oil along with the cost of investment. The Zama-1 oil well is thought to contain almost hundred to five hundred million barrels of crude oil. Premier Oil PLC has planned to invest almost sixteen million dollars in this project. This company has won twenty five percent rights of this project following Taos Energy who has won thirty five percent. Seirra Gas and Oil has won almost forty percent of oil stakes.

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